Tag: strong
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Oil prices decline 2%, recording strong monthly losses – (update)
Crude oil prices continued to decline by about 2% at the end of trading today, Wednesday, May 31 (2023), at a time when concerns were growing about the prospects for a slowdown in demand for crude from China (the largest oil importer in the world), in conjunction with the issuance of weaker economic data than…
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Crude oil prices are rising…and recording strong weekly losses – (Update)
Crude oil prices rose, at the end of trading today, Friday, April 21 (2023), in an attempt to reduce the losses incurred during the previous two sessions. Despite this, the oil markets recorded strong weekly losses, with increasing uncertainty about the economy and interest rates, as the increase in US gasoline stocks raised concerns about…
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The global price of a barrel of oil falls 3% and records strong weekly losses – (update)
The price of a barrel of oil fell globally by more than 3% at the end of trading today, Friday, February 3 (2023), after strong job data in the United States, to record weekly losses for the second time in a row. US jobs data, which came in better than expected, raised concerns that the…
